The Premier range comprises standard products for landlords with up to 15 properties for both individual and limited company landlord borrowers.
The trackers are available up to 75% loan to value (LTV) with no early repayment charges (ERCs). There is a two-year tracker for purchase and remortgage and a like-for-like remortgage-only option. Both products are at bank base rate plus 0.34%, currently 4.09%, with 3% fees.
Landbay said the tracker products would suit borrowers who believe the base rate could be cut over the next year or two, after the central bank narrowly decided to hold it at 3.75% last week, suggesting a likelihood for cuts in the future.
The fee-free five-year fixes are also available up to 75% LTV, one is available for purchase and remortgage and priced at 5.09%, the other is a remortgage-only deal priced at 5.14%, with a free valuation.
Rob Stanton, sales and distribution director at Landbay, said: “The markets appear to be pricing in two, possibly three, further bank base rate cuts over the next year, but in many cases, that expectation is already built into fixed rate pricing. Our new two-year trackers are therefore designed for landlords who want to see the full benefit of any base rate cuts if or when they happen. With no early repayment charges, they also give advisers and their clients flexibility to move to a fix if the rate outlook changes.
Click here to view our Sponsored Content Hub
“Alongside this, we are adding two new zero-fee, five-year fixes for landlords who prefer longer-term certainty without the cost of upfront product fees. For many remortgage clients, removing fees can materially improve cash flow from the outset. These launches reinforce our focus on giving advisers straightforward options and landlord borrower solutions within the Premier range, now across both tracker and fixed rates, ensuring they are aligned to how landlords are approaching borrowing decisions in the current market.”
